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In 2017, the Europe chromatography resins market was valued at USD 543.8 million. The market is expected to register a CAGR of about 5.32% during 20182023 the forecast period. As of 2017, Germany held the largest market and accounted for a share of around 24%, while Switzerland is estimated to record the fastest CAGR over the forecast period 2018 2023.
Increasing Academic and Commercial RD Spending on Pharmaceuticals
The pharmaceutical industry holds the largest market share for the chromatography resins market hence, the worldwide fluctuations in the pharmaceutical industry directly affect the demand for chromatography resins. In this industry, chromatography resins are used for a wide variety of applications, including separation of chemical biomolecules, drug delivery, protein purification, diagnostics etc. With the increasing number of diseases, like AIDS, and cancer research, and the discovery of new viruses and bacteria, industries have called for the development of newer molecular entities NMEs and have increased their RD spending on medicines. With the rising critical diseases across the world, monoclonal antibody therapeutics is quickly gaining importance, which is directly employing the use of chromatography resins.
Water and Environmental Analysis to Expand at the Fastest Rate
Chromatography resins application for the analysis of water and environment is considered to be essential in the modern day treatment process. These resins are highly porous in nature, hence they are widely used for the testing of quality of air, water, and soil. Chromatography resins, especially ionexchange chromatography resins, are widely applied in the air purification technique, as they offer a large surface area to entrap high concentration of air pollutants. Ionexchange chromatography resins also aids in soil testing process, by accurately determining different elements that are available in soil.
Germany to Dominate the Market
In 2017, Germany held the highest market share, accounting for around 24% of the European market. The German market is highly driven by the pharmaceutical industry. In Europe, the German pharmaceutical industry is the largest and fourth largest in the world. In 2016, the domestic demand decreased in the country, however, the exports of pharmaceutical products have increased, significantly. The demand for chromatography resins from the pharmaceutical industry is expected to be moderate, due to a decrease in the domestic demand. However, the exports are likely to contribute to the demand of these resins in the region.
Key Developments in the Market
November 2017: Purolite collaborated with Repligen Corporation, involved in the line of prepacked chromatography columns.
Major Players:MERCK KGAA, BIORAD LABORATORIES, INC., TOSOH BIOSCIENCE LLC, PUROLITE, THERMO FISHER SCIENTIFIC, INC. amongst others.
Reasons to Purchase this Report
Role of the pharmaceutical industry in the market growth
Various market perspectives, with the help of Porter's five forces analysis
The dominating application and technology during the forecast period
The fast growing countries during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
3 months analyst support, along with the Market Estimate sheet in excel.
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Original Article: Europe Chromatography Resins Market Segmented by Application, Technology, Origin, and Geography Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $3850NEXT ARTICLE
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